4 ms·
Well, the only policy I've seen on this front is windfall taxation, which is a kind of "heads the state wins, tails the company loses" dick move that only makes
by jldugger 3y ago
Well, the only policy I've seen on this front is windfall taxation, which is a kind of "heads the state wins, tails the company loses" dick move that only makes sense if your goal is to punish greed. Strategically it is a mistake, and will encourage profit hiding ala Amazon's preAWS days.
We're all better off ensuring there are so many companies bidding up wages and products competing on price that margins decline. The good news is that recent data shows that margins are already declining[1].
https://www.yardeni.com/pub/sp500margin.pdf https://www.yardeni.com/pub/sp500margin.pdf